Home Back Issues June 2008 The selling of Big Pink

The selling of Big Pink

| Print |  Email
Archives - June 2008
Sunday, June 01, 2008

BigPink.jpg


PORTLAND It may not quite be Oregon’s tallest building, but the U.S. Bancorp Tower is definitely the pinkest, and it’s available.

The 536-foot, 43-floor skyscraper’s light-reflecting mix of granite and glass has served as a centerpiece to the Portland skyline since 1983. Now JPMorgan has put the tower up for sale for an undisclosed price two years after purchasing it for $280 million.

It remains to be seen whether Big Pink will sell quickly. 2007 was a record year for out-of-state investment in Portland commercial real estate, but the market may have peaked when JPMorgan paid a record $380 per square foot last July for the Brewery Blocks.



To comment, email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

More Articles

Podcast: Testing for Emotional Intelligence with John Hersey

Contributed Blogs
Friday, September 19, 2014
ivbU3sIXBY TOM COX | OB BLOGGER

How can you tell if you, a peer, a subordinate or a job candidate has the emotional intelligence needed to do well?


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

How to add positivity to your team

Contributed Blogs
Friday, September 12, 2014
happy-seo-orlando-clientsBY TOM COX | OB BLOGGER

I often talk about what leaders can do. What about followers? If you’re a team member and you’d like to add positivity to your team, what might you do?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS